U.S. ECONOMICS: Treasury Int'l Capital Flows: Foreigners Dump $153.5 Bln U.S. Assets in June
June Treasury International Capital (TIC) flows data showed foreigners dumped $153.5 billion in total U.S. assets after buying a revised $33.1 billion in May (was $35.5 billion).
Net liquidations totaled $18.7 billion, unwinding the $18.6 billion in June purchases (revised from $19.4 billion). Overseas accounts sold $20.8 billion in Treasury coupons compared to $25.0 billion in prior purchases. They shed $3.6 billion in corporates too, while buying $3.4 billion in agency bonds, and $2.6 billion in stocks. The Netherlands was the biggest buyer of Treasury coupons with $5.7 billion, followed by Germany's $5.2 billion and Taiwan's $5.0 billion and Ireland's $5.0 billion. The U.K. was the largest seller of Treasury coupons at -$6.2 billion, followed by Thailand's -$4.2 billion, and -$2.6 billion from the Caribbean.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.